Delta Global Management LP Sells 34,534 Shares of GitLab Inc. $GTLB

Delta Global Management LP reduced its position in GitLab Inc. (NASDAQ:GTLB) by 29.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 83,053 shares of the company’s stock after selling 34,534 shares during the quarter. Delta Global Management LP’s holdings in GitLab were worth $3,117,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GTLB. Allworth Financial LP lifted its holdings in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP bought a new position in GitLab during the 3rd quarter valued at $31,000. Lodestone Wealth Management LLC bought a new position in GitLab during the 4th quarter valued at $36,000. Larson Financial Group LLC lifted its stake in GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in GitLab during the 3rd quarter valued at $48,000. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the sale, the director directly owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total value of $10,285,703.63. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,392,308 shares of company stock valued at $31,654,249. Insiders own 10.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GTLB shares. Raymond James Financial restated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Bank of America restated a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. William Blair restated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Mizuho raised their price objective on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings upgraded GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, GitLab currently has a consensus rating of “Hold” and a consensus target price of $36.64.

GitLab Price Performance

Shares of GitLab stock opened at $28.31 on Tuesday. GitLab Inc. has a 1 year low of $18.73 and a 1 year high of $52.38. The firm has a market cap of $4.78 billion, a PE ratio of -176.94 and a beta of 0.96. The stock has a fifty day moving average price of $25.00 and a 200-day moving average price of $29.50.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, equities analysts anticipate that GitLab Inc. will post -0.18 EPS for the current fiscal year.

GitLab Company Profile

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.